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COVID-19 Tax Legislation Issues Facing Tax Professionals - Part 1 & 2

Course Price: N/A
CPE Credits
5
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
Knowledge of Federal Tax Law
IRS CPE
5
NASBA CPE
5
CTEC CPE
5
Author
Paul La Monaca CPA, MST
Course Description

This course is an in-depth follow-up to NSTP’s introductory course on the Family First Coronavirus Response Act and CARES Act as well as the Disaster Act. The course reviews the basic issues of the Legislation and then drills down into the application of provisions for income tax preparation purposes.

IRS: 5 CPE Tax Law Update
NASBA: 5 CPE Taxes
CTEC: 5 CPE Tax Update
  • The Families First Coronavirus Response Act H.R. 6201 includes the details of the credits created as a result of the

  • Emergency Paid Sick Leave Act and

  • Emergency Family Medical Leave Expansion Act

The calculations of the Employee Retention Credits will be reviewed which was created by the Coronavirus Aid, Relief and Economic Security Act (CARES) H.R. 748

The course will discuss all the Federal Tax provisions of the CARES Act which actually changes some of the provisions of the Tax Cuts and Jobs Act (TCJA). The course discusses who is eligible for which provisions and how to apply the law and when it is applicable. The course will review guidance provided by the IRS and the SBA on the Paycheck Protection Program (PPP) Loans. The session will review new IRS Forms, procedures, elections and rulings pertaining to the Legislation. The course will cover illustrations, examples and calculations of specified provisions.

Learning Objectives

At the conclusion of this session, the participant will have a better understanding of PPP Loans and knowledge on how, when, and why to apply the Legislation enacted for servicing their clients. The participant will be aware of current activity coming out of Congress, the White House and the IRS and other governmental agencies involving COVID-19 and the Disaster Act. The course will also review retroactive changes made to the Internal Revenue Code.

FAQ

To receive the member price, first log into your member account. Your member discount will then be automatically applied. We can also take your registration by phone.

Your registration confirmation will be emailed to you when your payment is processed. During our busy season, this can take up to 2-3 business days after we receive your registration.

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Yes. If you have a PTIN on file with us, we will submit your hours. To insure we have your correct info, please provide your PTIN when you register for a course. Please notify us if you have recently submitted a name change request to the IRS.

Your certificate will be emailed to you within 10 business days of the completion of the course.

Administration:
Refunds
  • Once your registration confirmation is emailed, due to the proprietary materials and content of orders are NOT ELIGIBLE for refund, cancellation, or transfer to another NSTP course.
Disclaimer
  • materials and presentations are intended to stimulate thought and discussion and to provide attendees useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any tax procedure, tax planning technique, device or suggestion, or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual’s reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials, and during the seminar presentation, before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any device, technique, or suggestion before recommending the same to a client or implementing the same on behalf of a client, or on the attendee’s own behalf.
  • materials & presentations are fully protected under copyright law. Any attempt to copy for resale, distribution, or use other than personal use for tax preparation will be fully prosecuted of the law.
Testing Policy
  • require a test for CPE. 3 attempts are allowed.
  • You have 1 (one) year from date of purchase to complete the course by taking the test.
More Information For more information regarding refund, cancellation, and complaint policies, please contact our offices at 1(800) 367-8130.